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Tesla Slumps Below 50% Share of California's Electric Car Market
Tesla Inc. is no longer selling the majority of new electric cars registered in California, the state that accounts for almost a third of all
“An aging product lineup and backlash against Elon Musk’s political initiatives are likely key factors for the decline in Tesla BEV market share,” the dealers’ association said in its quarterly report. While all of the models Tesla sells in the country are built in California or Texas, the company does rely on imported parts that could be hit with higher levies starting in early May. Tesla is showing particular signs of strain in places where its chief executive officer is inserting himself in politics in ways that run counter to the company’s stated mission and values.
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